Investment
Private Equity , Investment , Unconventional , Shale Plays , Technology
ConocoPhillips, Private Equity See Shale Growth Opportunities
Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.
Investment , Crude Oil
Redburn Says Big Oil No Longer A ‘Buy’ As Peak Demand Looms
Redburn, the equity research house, has removed all “buy” ratings from the biggest integrated oil companies, arguing that the industry faces an “existential risk” as long-term forecasts for oil demand are up to 30% too high.
Investment , Exploration & Production , Shale Plays , Technology
Rice Brothers Boost Investment In Fracking Software Company
Rice Investment Group, formed by Daniel, Toby and Derek Rice, made its initial investment in the fracking software company Cold Bore in October 2018.
Investment
GE Begins Divestment Of Baker Hughes With $2.7 Billion Share Sale
General Electric Co. (GE) on Sept. 11 said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.
Private Equity , Investment , Liquefied Natural Gas (LNG) , Construction
Freeport LNG Raises $1.025 Billion For Train 4 Expansion
Westbourne Capital will exclusively provide an up to $1.025 billion mezzanine loan in support of Freeport LNG’s proposed fourth natural gas liquefaction train expansion efforts.
Investment , Reservoir Evaluation
Production Forecasting: Creating A Better Type Curve
Predicting well economics can be a matter of opinion when it comes to the method of estimating production. This engineer believes greater transparency would benefit users of type curves.
Investment , International
Sharp Rise In Number Of Investors Dumping Fossil Fuel Stocks
Climate group 350.org cites the Paris accord as a major driver in discouraging investment.
Investment , Acquisitions & Divestitures , Pipelines
Italy’s Snam Seeks Stake In Energy Transfer’s Rover Pipeline
Milan-based gas pipeline operator is working with JPMorgan to move into the US market.
Investment , Exploration & Production , Markets
ADNOC CEO: $11 Trillion Investment Needed To Meet Future Global Energy Demand
United Arab Emirates minister of state and ADNOC Group CEO Sultan Ahmed Al Jaber also said that the state oil company was on track to raise its oil production capacity to 4 million barrels per day (MMbbl/d) by 2020 and 5 MMbbl/d by 2030.
Investment , Acquisitions & Divestitures
Tudor, Pickering, Holt Unit Spins Out
New firm, Pickering Energy Partners, launches with same investment team and funds.